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Egypt's Beltone to sell stake in brokerage Auerbach in 2020
Egyptian investment bank Beltone Financial Holding plans to sell its 60% stake in New York-based brokerage Auerbach Grayson & Company to help stem losses, the bank’s chief executive said on Monday. Beltone, controlled by Egyptian billionaire Naguib Sawiris, believes a sale will help it return to profitability this year after…
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Click here to read the full story: Reuters